World Bank and International Finance Corporation have released a report “Doing Business in 2006”, which provides ease of doing business ranking of 155 countries. The ranking is based on 10 parameters.
• Ten parameters are — starting a business, dealing with licenses, hiring and firing workers, registering property, getting property, getting credit, protecting investors, paying taxes, trading across borders, enforcing contracts and closing a business.
• New Zealand has emerged as the top most country in the ranking, which implies that it is easiest to do business in there.
• India is positioned at 116th, which comes after China (at 91st), Pakistan (60th), Sri Lanka (75th) and Nepal (55th)
• It took 11 procedures, 71 days and cost 61.7% of per capita income on an average for starting a business in India in January 2005, according to the report.
East Asia and Pacific performs well on the ease of doing business
Time to start a business (days)
Be a part of Elets Collaborative Initiatives. Join Us for Upcoming Events and explore business opportunities. Like us on Facebook , connect with us on LinkedIn and follow us on Twitter, Instagram.
"Exciting news! Elets technomedia is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest insights!" Click here!
